BMNR bought 2.8% of the ETH supply (3,313,069 ETH) in just **4 months** for $13.7B (average price $4164) And yet they are underwater. Genuinely hard to accomplish when you buy that much Crazy amount cashed out by OGs and perps traders
Saylor was ~50% underwater at one points, although he had bought much less BTC at that time So it still may work out in the future Just going very poorly as of now Hyperliquid
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